Whole Foods Market, Inc. (WFM) Position Lifted by Toronto Dominion Bank
Toronto Dominion Bank increased its holdings in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 25.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,845 shares of the company’s stock after acquiring an additional 22,282 shares during the period. Toronto Dominion Bank’s holdings in Whole Foods Market were worth $4,582,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Nuance Investments LLC purchased a new stake in Whole Foods Market during the second quarter worth $102,820,000. Quinn Opportunity Partners LLC boosted its position in Whole Foods Market by 1,000.0% during the second quarter. Quinn Opportunity Partners LLC now owns 1,510,529 shares of the company’s stock worth $63,608,000 after purchasing an additional 1,373,203 shares in the last quarter. NBT Bank N A NY purchased a new stake in Whole Foods Market during the second quarter worth $264,000. Gamco Investors INC. ET AL boosted its position in Whole Foods Market by 26.0% during the second quarter. Gamco Investors INC. ET AL now owns 426,871 shares of the company’s stock worth $17,976,000 after purchasing an additional 88,050 shares in the last quarter. Finally, Airain ltd purchased a new stake in Whole Foods Market during the second quarter worth $2,294,000. 79.18% of the stock is currently owned by hedge funds and other institutional investors.
Whole Foods Market (NASDAQ:WFM) last issued its earnings results on Wednesday, July 26th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Whole Foods Market had a net margin of 2.85% and a return on equity of 13.51%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Several analysts have recently issued reports on the company. Tigress Financial downgraded Whole Foods Market from a “buy” rating to a “neutral” rating in a research report on Monday, August 7th. BidaskClub upgraded Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Wells Fargo & Company downgraded Whole Foods Market from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $45.00 to $42.00 in a research report on Tuesday, July 11th. Barclays PLC restated an “equal weight” rating on shares of Whole Foods Market in a research report on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. downgraded Whole Foods Market from an “outperform” rating to a “market perform” rating and set a $45.00 price objective on the stock. in a research report on Wednesday, June 28th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $37.76.
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Whole Foods Market Company Profile
Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.
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